Vancouver publishing powerhouse Glacier Media Inc., through its Toronto trade magazine division Business Information Group, is buying 15 trade titles and associated properties from Rogers Publishing in a deal that shakes up the Canadian business-to-business publishing industry. Sixty-three employees have been offered positions with Glacier.
The affected Rogers titles include:
Food in Canada
Le Bulletin des agriculteurs
Canadian Packaging
HPAC
Meetings & Incentive Travel (including Incentiveworks, Canada’s largest trade show for the meetings, incentive travel and promotions industry)
Canadian Plant
Plant West
Canadian Metalworking
Canadian Plastics
Materials, Management & Distribution (MM&D)
Purchasing B2B
Design Engineering
Hardware Merchandising (one of the oldest magazines in Canada)
Canadian Contractor
HVAC
Onsite
Fraser's Directory
Canadian Manufacturing Online
The deal includes related Web site and databases.
Rogers retains the Marketing group, including Marketing, CARDOnline and Canadian Printer (online), as well as the medical, financial and legal publications.
Toronto-based Rogers employees who accept new job offers will move the Business Information Group offices further north in the DVP/Eglinton area. (That office itself expects to move as the lease expires in October). Montreal-based employees at Les Bulletin des agriculteurs will move to Glacier's Montreal office.
Glacier chief financial officer Orest Smysnuik says there will be no magazine closures as a result of the deal, which closes May 27. "There actually is very little overlap. That's one of the things that appealed to us about it," he told Masthead.
One area of overlap is Fraser's Directories with BIG's existing Scott's Directories.
Smysnuik says the deal has been under discussion for the last several months. He wouldn't reveal terms or revenue figures. Masthead estimates the revenue for the group at approximately $15 million.
The Rogers titles are part of the old Maclean Hunter business publishing group, and the Business Information Group is the successor to the old Southam trade magazine business. The two businesses trace their origins to two feuding brothers, J.B. Maclean and Hugh C. MacLean respectively (they spelled their names differently), who parted company more than 100 years ago.
Below is the full text of the press release. Stay with Masthead for more reports on the changes.
Glacier Media Enters Agreement With Rogers Publishing To Acquire Select Portfolio Of Trade Publication Assets
(TSX:GVC) Glacier Media Inc. is pleased to announce that, through one of its affiliates, it has entered into a definitive agreement with Rogers Publishing Limited to acquire a portfolio of media assets from Rogers’ business and professional publishing group. The assets comprise 15 trade publications and digital brands, together with their associated readership database, events and web presence.
Properties acquired include established and leading publications such as Food in Canada, Le Bulletin des agriculteurs, Canadian Packaging, HPAC and Meetings & Incentive Travel (including Incentiveworks, Canada’s largest trade show for the meetings, incentive travel and promotions industry).
The assets will integrate into Glacier’s Business Information Group, a leading operator of Canadian trade publications and industry-focused web sites, and Glacier’s Farm Business Communications.
The acquisition allows Glacier to: Expand the company’s growing print and digital footprint in the Canadian agriculture and food media industry; Further leverage the operating platform of the Business Information Group (e.g. fulfillment systems, production services, web technologies); Utilize acquired technologies to accelerate the online capabilities and reach of the Business Information Group’s directory products, especially Scott’s Directories.
The transaction is expected to close on May 27, 2011.
About the Company: Glacier Media Inc. is an information communications company focused on the provision of primary and essential information and related services through print, electronic and online media. Glacier Media Inc. is pursuing this strategy through its core businesses: the local newspaper, trade information and business and professional publishing.
What about Canadian Grocer magazine? Were they bought by BIC as well? I don't see them on the list.
2. Wtf says:
18 May 2011 at 3:24 PM
Wow, major industry news. What about Canadian Grocer, also one of the oldest...?
3. Anonymous says:
18 May 2011 at 3:56 PM
No, Canadian Grocer was not part of the deal. It remains with Rogers.
4. Anonymous says:
18 May 2011 at 4:15 PM
It seems that Canadian Grocer was part of the BIG package too. According to the Glacier press release they plan to put a focus on their food pubs. Are there any original MH magazines left at Rogers now? [Editor: Canadian Grocer was not on the list of publications sold, provided to Masthead by Glacier. Several original MH magazines remain at Rogers including Marketing, The Medical Post, Benefits Canada, Advisor's Edge and others, plus all the consumer magazines of course.]
5. Hugh says:
18 May 2011 at 5:01 PM
Only $15 million for all those...they must have been losing a ton. The BIGger they the harder they fall.
6. Anonymous says:
18 May 2011 at 6:00 PM
Ex-Grocer editor Jerry Tutunjian must be spinning in his grave.
7. Anonymous says:
18 May 2011 at 8:09 PM
Canadian Grocer is part of Rogers' Medical Group and therefore was not sold in the deal. It's still with Rogers.
8. Anonymous says:
19 May 2011 at 5:27 AM
There have been layoffs in the production area as a result of the sale. Glacier didn't take everyone involved with these publications.
9. Anonymous says:
19 May 2011 at 8:17 AM
These properties were undermined by autocratic rule, hubris and a style that took disagreement personally. The attitude that "the brands are bigger than any person" ignored the simple but critical truth that empowered and passionate staff with strong industry relationships are the key to trade publishing success. This fire sale is the eventual result of nearly five years of massive, unchecked ego.
10. Kranky Kronos says:
19 May 2011 at 9:47 AM
These books were never a proper fit for Rogers, and their small size was positively resented by the autocratic, hubristic rulers mentioned above. Ramming all the magazines' websites into the ungainly canadianmanufacturing.com was one symptom of that managerial dysfunction. That said, they might well be better cared for at Glacier.
11. Wtf says:
19 May 2011 at 10:26 AM
"nearly five years of massive, unchecked ego." And whose would that be?
12. Anonymous says:
19 May 2011 at 11:21 AM
Dynasties change and so does business practice.
Today you have relatively junior people who run McDonald's franchises on behalf of the owners or many other big buck franchises whose existence in the market is because of their brand not the people in the business.
This I believe is the Rogers business model and business publishing has shifted from a title that was enthusiastically directed by people who had a sincere interest in the business to people who are managing a brand.
13. Anonymous says:
19 May 2011 at 12:20 PM
Virtually every one of the business units sold was industry leader at one time in recent years. They all started collapsing when Botting and his group publishers departed five years ago. Been spiralling ever since - reminded me of Lindsay Lohan's career...so sad and painful to watch.
14. Anonymous says:
19 May 2011 at 12:47 PM
#10 (Kranky): so true.
#11: TWO massive, unchecked egos.
#12: Illustrating your point are the former Rogers publishers who launched their own competitive publications and the Rogers mags are now just a shadow. Witness the effect of the ever-fatter Mechanical Business on PMAC, and the withering of M&IT (part of the sale) by the successful Ignite. Marketing magazine, MM&D and Plant never recovered from their publisher changes, just to name a few.
15. Anonymous says:
19 May 2011 at 12:48 PM
I can only imagine the feeling of relief the now ex-Rogers staff are experiencing. Wow! The slaves have been set free. It'll take time, but give it time. It'll be a new and much more enjoyable world you're about to enter. But after reading the endless critical comments regarding Rogers, I have to wonder what the management has to say for itself.
16. Anonymous says:
19 May 2011 at 1:25 PM
One can only hope that Glacier/BIG, being a company that believes in B2B publications, and truly lives and dies by their success or failure, will give these books a good home and a solid future.
17. Judith Nancekivell says:
19 May 2011 at 4:12 PM
Canadian Plastics is published by Business Information Group. I am its Senior Publisher. The title that Rogers sold to BIG is Plastics in Canada. Plastics in Canada ceased publishing in print in 2010 and laid off its sales and editorial staff. Since then, Plastics in Canada has been an electonic newsletter. [Editor: Thank you for this correction.]
18. Anonymous says:
19 May 2011 at 4:35 PM
Well the grass isn't any greener at BIG. I wish all the former Rogers staff the best of luck but I think they will find BIG much the same as Rogers. A lot of good people have left BIG also and not much has remained. $15 million in revenues sounds very light, but maybe the last 3-4 years have taken their toll on those once great titles. Good luck!!
19. Gerald Bramm says:
19 May 2011 at 5:26 PM
Somewhere Colonel John Bayne MacLean and his brother Hugh are raising a glass of champagne to each other. Their offspring are united.
As described in A History of the Business Press in Canada (see the CBP website: http://www.cbp.ca) the architects of the Canadian business press were John Bayne Maclean and his brother Hugh Cameron MacLean. John launched the Canadian Grocer in 1887. Hugh joined John’s company in 1888 and the two brothers started four more publications before the turn of the century. This was the foundation of the MacLean Publishing Company that would be renamed the Maclean Hunter Publishing Company in 1945.
Hugh left the company in 1899, and in 1908, he bought a small publishing company consisting of three business publications. This was the beginning of Hugh C. MacLean Publications Ltd. which, after Maclean Hunter, became Canada’s second largest business magazine publisher. The company was sold in 1960 to the Southam Company. And as we know Glacier bought the remnants of Southam.
History comes full circle.
20. Anonymous says:
19 May 2011 at 5:47 PM
This is a result of Professional Publishing trying to impress the new head of Rogers Media. How many of the VP's are going to Glacier? I'll bet none and probably they all will be getting golden handshakes, or shuffled to a safe haven.
21. Anonymous says:
19 May 2011 at 5:56 PM
To the question about what management has to say for itself: you read it. "The markets changed." Somehow competitors are doing just fine in the same changed markets. You can be sure that everthing and everyone else will be blamed, and the support staff pay the price by losing their jobs. Shame shame shame. Glacier can only be a positive move.
22. Eager To Move Forward says:
19 May 2011 at 9:16 PM
I am also a publisher at Business Information Group. (Not so senior though!) I think #16 hit the nail on the head - the core business model at BIG is indeed B2B and personally, I'm looking forward to welcoming the Rogers people into the group where (it seems) they will finally be a part of the core business for the first time in a long time. This is a business that depends on the energy and enthusiasm of its people, and if the Rogers folk are jazzed about coming on board and being part of the core business for a change, I think that will be infectious to the entire group. Basically, I hope this improves morale for both groups, after a REALLY tough couple of years for anyone in the media.
Having competed against Rogers for years, slogging it out in the trenches, I have a good deal of respect for the people who are joining us, and I'm looking forward to actually working with them for a change, rather than competing against them. The realities of media have changed, and I think this merging of two corporate histories and cultures - Southam and Maclean-Hunter - will ultimately benefit the B2B reader. Serve your readers first, serve your advertisers best.
23. Anonymous says:
20 May 2011 at 8:38 AM
After the ridding of Botting and then Borden, I am relieved that I was let go very shortly after. No one cared about the once industry leaders. Rogers is no longer a family business committed to employees.
24. Anonymous says:
20 May 2011 at 10:10 AM
To number 5s point on 15 million. Maybe from an accountant's perspective it is cheaper than severances and benefits.
25. Anonymous says:
20 May 2011 at 2:14 PM
To correct #23, Mr. Botting retired on his own timing and his own terms after a very distinguished career at Maclean Hunter and Rogers. He was/is highly respected and beloved throughout the consumer and business publishing divisions as a mentor and leader who, as the chap from BIG (#22) put it, was able to create a positive environment of energy and enthusiasm at every level. Those of us who were lucky enough to work in his division miss him tremendously.
Thanks for welcoming us, Eager to Move Forward"! Your positive comments are appreciated.
26. Anonymous says:
20 May 2011 at 9:41 PM
# 14, you meant HPAC, not PMAC. HPAC spiralled down after its publisher left to start up his own competing book.
27. Anonymous says:
20 May 2011 at 10:55 PM
Gee, can we forget about which company is good and which isn't for a second and admit that trade publishing in this country is in trouble. Too many magazines are absolute crap and practice the worst form of press release journalism. The writing in trade is often so bad it's painful. What's with the cheezy clip-art too? And too often trade magazines pander to advertisers and simply follow the line of their industry associations. There's little leadership or independent thought. (Does Glacier have a policy against advertiser interference? Does Rogers?) If trade is to do well, it needs to start emulating consumer magazines. By the way, Rogers is really good at that.
28. Anonymous says:
22 May 2011 at 8:44 AM
Trade publishing is this country has challenges and some rags do pander and writing and art direction are not always good, but it is not in trouble as evidenced by many successful publications. Rogers' trade publishing did try to emulate its consumer magazines, another nail in its coffin. The difference is the importance of the relationships between the people on the magazines and their direct industry clients, compared with the relationships between brand managers and agencies. What really damaged the Rogers b2b publications was the marginalization of these publisher- and editor-to-client relationships and the people who built them by deeming the staff too expensive and thus expendable. The May 21 Globe & Mail has an article, "The Paradox of Power" that illustrates the situation. To quote, "Morgan W. McCall, an expert in leadership and professor of management at the University of South California, argues modern society tends to elevate people to power for the wrong reasons. 'Abuse of power and arrogance seem to become sick lovers, though they start out as secessary to leadership...' 'Mr. Lash (leadership expert with Toronto's Hay Group, says) 'The leader is at the centre and you have all of these very highly polished mirrors surrounding themn, reinforcing exactly what they believe to be true.'" We can discuss for days what trade publishing in this country needs to do to successfully meet the challenges the internet and other factors pose to the media, but those of us who work (or worked) at Rogers Business & Professional Publishing Division know that the reason behind the decline of the trade publications are in Dr. McCall and Mr. Lash's words.
29. Anonymous says:
22 May 2011 at 1:14 PM
Thanks #19 for reminding us of the interesting history of MH and Southam. One point however, you state that 1887(124 years ago)was the first year Canadian Grocer published but they are promoting themselves as being 125 years old this year. Wonder why the discrepancy?
30. Anonymous says:
23 May 2011 at 6:04 PM
Is the group publisher part of the 63 going? He is bright and well liked.
31. Jerry Tutunjian says:
27 May 2011 at 5:07 PM
Dearest Anonymous,
Re your comment that I must be turning in my grave, I have to report that my wife, sons, relatives, friends and neighbours have assured me that I am alive and living in Don Mills.
32. Wtf says:
1 June 2011 at 9:58 AM
To further correct #23: Botting was a class act and a real leader. The other guy, not so much.
Today you have relatively junior people who run McDonald's franchises on behalf of the owners or many other big buck franchises whose existence in the market is because of their brand not the people in the business.
This I believe is the Rogers business model and business publishing has shifted from a title that was enthusiastically directed by people who had a sincere interest in the business to people who are managing a brand.
#11: TWO massive, unchecked egos.
#12: Illustrating your point are the former Rogers publishers who launched their own competitive publications and the Rogers mags are now just a shadow. Witness the effect of the ever-fatter Mechanical Business on PMAC, and the withering of M&IT (part of the sale) by the successful Ignite. Marketing magazine, MM&D and Plant never recovered from their publisher changes, just to name a few.
As described in A History of the Business Press in Canada (see the CBP website: http://www.cbp.ca) the architects of the Canadian business press were John Bayne Maclean and his brother Hugh Cameron MacLean. John launched the Canadian Grocer in 1887. Hugh joined John’s company in 1888 and the two brothers started four more publications before the turn of the century. This was the foundation of the MacLean Publishing Company that would be renamed the Maclean Hunter Publishing Company in 1945.
Hugh left the company in 1899, and in 1908, he bought a small publishing company consisting of three business publications. This was the beginning of Hugh C. MacLean Publications Ltd. which, after Maclean Hunter, became Canada’s second largest business magazine publisher. The company was sold in 1960 to the Southam Company. And as we know Glacier bought the remnants of Southam.
History comes full circle.
Having competed against Rogers for years, slogging it out in the trenches, I have a good deal of respect for the people who are joining us, and I'm looking forward to actually working with them for a change, rather than competing against them. The realities of media have changed, and I think this merging of two corporate histories and cultures - Southam and Maclean-Hunter - will ultimately benefit the B2B reader. Serve your readers first, serve your advertisers best.
Thanks for welcoming us, Eager to Move Forward"! Your positive comments are appreciated.
Re your comment that I must be turning in my grave, I have to report that my wife, sons, relatives, friends and neighbours have assured me that I am alive and living in Don Mills.